All it takes are three things for Iowa's football and/or men's basketball team to make you rich in the next school year.

1. Bet a substantial amount on the Hawkeyes to be BCS or NCAA champions.

2. The Hawkeyes then win the national-championship.

3. Make your wager in Nevada, where it's legal.

According to online site bovada.lv, you can get 250-1 odds on Iowa winning the 2013 BCS title. So if you bet a mere $10,000 on the Hawkeyes, and they go win it all, your return is $2,500,000. Good deal, right?

The odds aren't so great in basketball, but you can still make a tidy profit off the Hawkeyes if they win the NCAA championship. The odds are 50-1. So you're $10,000 wager will return $500,000. To get really wealthy, you could take that half-million and put it on the United States to win the 2014 World Cup. Right now, the odds of that are 80-1.

Boom! You've won $40 million. Don't forget to tip the person who suggested you pony up the 10 grand in the first place.

Some of Bovada's 2013 BCS odds:

Alabama 3-1

Ohio State 13-2

Oregon 7-1

Texas A&M 15-2

Michigan 28-1

Notre Dame 28-1

Nebraska 50-1

Oklahoma 50-1

Wisconsin 66-1

Michigan State 100-1

Northwestern 150-1

Iowa 250-1

Some of Bovada's NCAA basketball odds for next season:

Kentucky 15-4

Kansas 15-2

Louisville 9-1

Michigan State 12-1

Duke 16-1

North Carolina 16-1

Ohio State 18-1

Michigan 25-1

Indiana 33-1

UCLA 40-1

Wisconsin 50-1

Illinois 66-1

Iowa State 100-1

Purdue 100-1

Northwestern 500-1

Uh oh. One of the Hlog's loyal tweeps sent a photo he took at Harrah's in Las Vegas last month. I don't know if these are still the odds, but you can get even richer betting on the Hawkeyes' football team if they are:

Have you found an error or omission in our reporting? Is there other feedback and/or ideas you want to share with us? Tell us
here.